Legion Partners, L.P. II 4
4 · NN INC · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
NN Inc (NNBR) Director Raymond T. White Receives Award of 49,079 Shares
What Happened
Raymond T. White, a director of NN Inc (NNBR) and managing director of Legion Partners Asset Management, was reported as the recipient of 49,079 restricted shares on March 18, 2026. The Form 4 records this as an award/acquisition (transaction code A) at $0.00 per share. The restricted shares fully vest on March 18, 2027 (see footnote).
Key Details
- Transaction date: 2026-03-18; Form 4 filed: 2026-03-20 (timely filing).
- Transaction type/code: Grant / Award (A).
- Shares granted: 49,079 restricted shares; reported price: $0.00 (award).
- Vesting: Fully vests on March 18, 2027 (footnote F2).
- Shares owned after transaction: not specified in the provided filing.
- Beneficial ownership notes: filing is made jointly by multiple Legion Partners entities; Legion Partners Asset Management holds the direct economic interest in these securities and Mr. White disclaims direct beneficial ownership except for any indirect interest through Legion Partners (see footnotes F1–F8).
- Timeliness: Filing appears timely (reported within two business days).
Context
This was a grant of restricted stock tied to Mr. White’s board role and managed through Legion Partners’ affiliated entities, not an open-market purchase. The economic interest in these shares is held by Legion Partners Asset Management and related entities per the filing, so interpretation as a personal buy/sell by Mr. White should account for those institutional ownership arrangements.
Insider Transaction Report
Form 4
NN INCNNBR
White Raymond T.
Director10% Owner
Transactions
- Award
Common Stock
[F1][F2][F3][F4]2026-03-18+49,079→ 49,079 total
Holdings
- 3,519,420(indirect: By: Legion Partners, L.P. I)
Common Stock
[F1][F5] - 395,144(indirect: By: Legion Partners, L.P. II)
Common Stock
[F1][F6] - 877,065(indirect: By: Legion Partners Special Opportunities, L.P. XI)
Common Stock
[F1][F7] - 300(indirect: By LLC)
Common Stock
[F1][F8]
Footnotes (8)
- [F1]This Form 4 is filed jointly by Legion Partners, L.P. I ("Legion Partners I"), Legion Partners, L.P. II ("Legion Partners II"), Legion Partners Special Opportunities, L.P. XI ("Legion Partners Special Opportunities"), Legion Partners, LLC ("General Partner"), Legion Partners Asset Management, LLC ("Legion Partners Asset Management"), Legion Partners Holdings, LLC ("Legion Partners Holdings"), Christopher S. Kiper and Raymond T. White (collectively, the "Reporting Persons"). Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F2]Represents restricted stock which fully vests on March 18, 2027.
- [F3]Mr. White serves on the Board of the Issuer as a representative of Legion Partners Asset Management and its affiliates. Mr. White does not have a right to any economic interest in securities of the Issuer granted to him by the Issuer in respect of his Board position, except to the extent of his role as a Managing Director of Legion Partners Asset Management. Legion Partners Asset Management is entitled to receive all of the economic interest in securities granted to Mr. White by the Issuer in respect of Mr. White's Board position. Mr. White disclaims beneficial ownership of the Issuer's securities to which this report relates and at no time has Mr. White had any economic interest in such securities except any indirect economic interest through Legion Partners Asset Management and its affiliates, entities in which Mr. White has a controlling interest and investment control.
- [F4]The securities described in footnote (2) represent securities in which Legion Partners Asset Management has all of the direct economic interest. Legion Partners Holdings is the sole member of Legion Partners Asset Management and each of Messrs. Kiper and White are Managing Directors of Legion Partners Asset Management. As a result of these relationships, Legion Partners Holdings and Messrs. Kiper and White may be deemed to beneficially own the securities owned directly by Legion Partners Asset Management.
- [F5]Securities owned directly by Legion Partners I. General Partner is the general partner of Legion Partners I, Legion Partners Asset Management is the investment advisor of Legion Partners I, Legion Partners Holdings is the sole member of Legion Partners Asset Management and managing member of General Partner, and each of Messrs. Kiper and White are managing directors of Legion Partners Asset Management and managing members of Legion Partners Holdings. As a result of these relationships, General Partner, Legion Partners Asset Management, Legion Partners Holdings and Messrs. Kiper and White may be deemed to beneficially own the securities owned directly by Legion Partners I.
- [F6]Securities owned directly by Legion Partners II. General Partner is the general partner of Legion Partners II, Legion Partners Asset Management is the investment advisor of Legion Partners II, Legion Partners Holdings is the sole member of Legion Partners Asset Management and managing member of General Partner, and each of Messrs. Kiper and White are managing directors of Legion Partners Asset Management and managing members of Legion Partners Holdings. As a result of these relationships, General Partner, Legion Partners Asset Management, Legion Partners Holdings and Messrs. Kiper and White may be deemed to beneficially own the securities owned directly by Legion Partners II.
- [F7]Securities owned directly by Legion Partners Special Opportunities. General Partner is the general partner of Legion Partners Special Opportunities, Legion Partners Asset Management is the investment advisor of Legion Partners Special Opportunities, Legion Partners Holdings is the sole member of Legion Partners Asset Management and managing member of General Partner, and each of Messrs. White and Kiper are managing directors of Legion Partners Asset Management and managing members of Legion Partners Holdings. As a result of these relationships, General Partner, Legion Partners Asset Management, Legion Partners Holdings and Messrs. White and Kiper may be deemed to beneficially own the securities owned directly by Legion Partners Special Opportunities.
- [F8]Securities owned directly by Legion Partners Holdings. As managing members of Legion Partners Holdings, Messrs. Kiper and White may be deemed to beneficially own the securities owned directly by Legion Partners Holdings.